Warburg Pincus-Embassy in $250M JV for industrial parks
Global private equity firm Warburg Pincus has entered into a joint venture with real estate developer Embassy Group to build industrial parks and warehouses in the country, as per a press release.The JV partners will jointly invest $250 million (Rs 1,627 crore) in the venture, christened Embassy Industrial Parks, to ......
Fastudent gets seed funding from Evalueserve’s Ashish Gupta
EduVision Retail Technologies Pvt Ltd, which runs educational products aggregator Fastudent, has raised an undisclosed amount of seed investment from a group of angel investors led by Evalueserve COO Ashish Gupta.The funds will be used for expansion of the team, strengthening the technology and increasing geographical reach. The company would also be ......
VentureWorks backs talent analytics startup Jombay
Talent retention and analytics firm Jombay Pvt Ltd has raised an undisclosed amount in its second round of institutional funding from VentureWorks India. Nikunj Jhaveri, chairman of Systems Plus Group of companies, also participated in this round, as per a press statement.The startup will use the money raised to expand ......
SEBI’s new listing rules come into force on Dec 1
Listed firms will face monetary penalties and suspension of trading for non-compliance with the Sebi's new listing regulations, including for timely and proper disclosure of 'price sensitive' developments, which are coming into force from tomorrow.The new Sebi's Listing regulations would come into force from December 1.To comply with the new ......
Partha Sinha to join McCann India as vice chairman and MD
Advertising firm McCann India has appointed Partha Sinha as vice chairman and managing director of the company, several media reports said.Sinha is moving from Publicis South Asia where he was managing director and part of the three-member management team running the company. He will be based in Mumbai.The appointment comes ......
Bite Club gets funding from GrowX Venture and others
Bite Club, an online marketplace for chefs, has raised an undisclosed amount in pre-Series A funding from GrowX Venture Management to expand in the national capital region and introduce more product categories.The Phoenix Fund and existing investor Powai Lake Ventures also put money in this round, the company said in ......
SABMiller rejects AB InBev’s revised $104B buyout offer
UK-based brewer SABMiller on Wednesday rejected Belgian firm Anheuser-Busch InBev's revised £68 billion ($104 billion) takeover offer, the third time it has rebuffed the bigger rival.In a response to the AB InBev's revised offer, London-listed SABMiller said in a statement it did not like the terms of the proposal. SABMiller ......
Japan’s Daiwa picks up stake in realty firm VBHC
Japanese business group Daiwa House Industry has picked up a minority stake in Jaithirth Rao-led VBHC Value Homes Pvt ......
Housing.com appoints Nandini Mehta as general counsel
Housing.com has named Nandini Mehta its general counsel, as the SoftBank-backed real estate portal continues to strengthen its top management.Mumbai-based Locon Solutions Pvt Ltd, which owns Housing.com, said in a statement Mehta will help define the company’s legal framework.Nandini Mehta, General Counsel, Housing“We have ambitious plans for the company and ......
TVS Capital ups exposure to IEX
Home-grown private equity firm TVS Capital said on Tuesday it has increased its stake in Indian Energy Exchange (IEX) to......
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